Royal Realty, Inc.
Phone: (847) 630-2700
Fax: (815) 301-3430
Flat Fee Listing Agreement
1. This agreement dated ____________________
between Realtor Royal Realty, Inc. and Property Owner (s) _______________________________________________________ herein the Seller (s).
2. Seller desires to list the following property (herein the Property) for
sale in the MLS:
Address: ____ __________________________________________
County of: _____________________
3. The Listing Price of the Property and all improvements that are offered
for sale shall be $_________________. Seller is solely responsible for
determining the appropriate listing price. Seller reserves right to amend
the listing price. Any changes to listing price will be submitted in
writing to Broker and signed by seller. Once Broker has received signed
authorization to change list price it will be submitted to MLS.
4. This
professional service agreement shall commence on __________________ (the
date accepted by Royal Realty) and shall expire upon the successful sale
of the Property or one year from the date of agreement.
5. Under this agreement, the Seller can sell his/her Property
himself/herself to any Buyer not procured by a participating Realtor, in
which case no Buyers Agent commission is due or payable under section 9
below.
6. In consideration of this professional service agreement, Royal Realty,
Inc.
agrees to provide (Check One):
Multiple Listing Service of Illinois (MLSNI) $299.00:
A) List the Property in the MLSNI Multiple Listing Service
(MLSNI).
B) Authorize MLS to distribute Sellers MLS Listing to Realtor. com, Real-Net.com and ChicagoTribune.com.
C) Authorize the MLS staff
to take a photo of the Property to include in the MLS listing.
D) Provide
Seller a commonly used sales contract
E) Provide Seller with Disclosure Forms for use
in connection with the sale of the Sellers Property.
OR - MAP Multiple
Listing Service (MAP) $299.00:
A) List the Property in the MAP Multiple Listing Service
(MAP).
B) Authorize MLS to distribute Sellers MLS Listing to MAP
Multiple Listing Service.
C) Authorize the MLS staff
to take a photo of the Property to include in the MLS listing.
D) Provide
Seller a commonly used sales contract
E) Provide Seller with Disclosure Forms for use
in connection with the sale of the Sellers Property.
F) Add up to 8 Photos to your Listing.
OR - Both of Above
$499.00 (Includes Realtor.com. Upgrade:
A) Add 5 Additional Photos With Captions
B) Additional Gold Banner at Top of Listing With Description
C) Add Scrolling Text Bar In Middle of Listing
D) Add Description Up To 2,500 Characters
7. Termination: There is no termination fee in the event
the seller decides to withdraw their Property from the market. Seller may
give
written notice to Royal Realty at any time except if there is a
contract pending on the Property involving a buyer who was procured by a
participating Realtor. A refund will only be provided if Royal
Realty does not accept this agreement or this service is canceled before
the listing is submitted to the Multiple Listing Service (MLS) or in the
event Royal Realty elects to terminate this agreement upon three (3) days
advance written notice to the seller. You will be provided with a copy of
the MLS Listing. It is the Sellers responsibility to review the listing
and report all errors and changes to Royal Realty in writing. Seller may not terminate this agreement while the
Property is under contract. If this agreement expires while the Property
is under contract, Sellers obligation to pay the Buyer's Agent commission
below shall survive termination and continue until the closing when the
said Buyers Agent commission is payable.
8. Personal Property included in the sale (i.e. appliances):
__________________________________________________________________________________________________
________________________________________________________________________________________________
9. Seller agrees to pay Royal Realty a professional
listing fee of $299.00 for the Basic Package or $499.00 for the Premier
Package as described above. This fee is earned, due and
payable in full upon the execution of this agreement by seller. Should a
participating Realtor, including Royal Realty, procure a buyer who is
ready, willing and able to purchase the above described Property at the
listed price or at another price acceptable to the Seller, Seller agrees
to pay a selling agent (herein referred to as the Buyers Agent Commission)
a professional fee of ________ % based upon the agreed sales price of the
Property. Any changes to that Buyers Agent Commission offered must be
submitted in writing and signed by Seller and any such changes will not be
effective until submitted to the MLS for revision.
10. Seller agrees that the responsibility for the care and custody of said
Property shall not be Royal Realty's and Royal Realty shall not be liable
to Seller for any damages which may occur to said Property. Seller shall
make arrangements for any and all showings of Property by appointment only
with buyers or to provide a lockbox at seller’s expense to make the
Property available at seller’s sole discretion. Royal Realty shall be held
harmless for any and all liability, claim, judgment, obligations, or
demands, including reasonable attorney fees, arising as a result of the
sellers use of a lock box, or the actions of potential customers or
selling agents.
11. Seller agrees to notify Royal Realty in writing within 24 hours of the date when
a contract is executed and becomes a pending sale and the date when the
Property closes. The failure to do so may result in a fine to Royal Realty, which will be charged to the Seller.
The seller must also provide Royal Realty with a copy of the executed
contract along with any and all addenda and amendments (if any) and
written verification by the escrow agent that all required deposits have
been paid and a copy of the closing documents (HUD statement). If an
executed contract is cancelled and the Property listing is to be
reactivated, the Seller must notify Royal Realty in writing.
12. NO GUARANTEE: Seller understands that this agreement does not
guarantee the sale of the Property.
13. Seller agrees that under the Fair Housing Act, Seller may not ask or
expect the sale of Seller's Property to be restricted according to race,
color, creed, religion, sex, handicap, familial status, age, national
origin, or any other class protected by Article 3 of Illinois Human Rights
Act. Sellers acknowledge that they shell also be bound by State and Local
Human Rights or Fair Housing Ordinance if any.
14. Marketable Title Clause: Seller warrants and represents that no later
than time of closing, he/she shall be able to convey marketable title to
the Property. In the event the transaction fails to close, because Seller
is unable to convey marketable title, then Royal Realty shall be entitled
to the full professional fee. Further in the event the transaction fails
to close because of failure or inability of Seller to bring the Property
up to local governmental code requirements, then Royal Realty shall be
entitled to the full professional fee.
15. The person (s) signing this agreement warrants and represents that
he/she is properly authorized to enter into this agreement. A signature
transmitted by fax shall be deemed to have the same effect as an original
signature.
16. Seller understands and agrees that Royal Realty, Inc. is providing the
exclusive service of having your home submitted to the Multiple Listing
Services as listed above. Royal Realty is not otherwise acting as Owners
agent or in any other capacity.
Owners are free to sell the Property themselves on an unlimited basis at
any time. Royal Realty has no control over and does not screen those that
view the property.
17. Seller specifically acknowledges and represents that there are no
facts materially affecting the value or desirability of the Property,
including but not limited to any violation of any local government code.
Whether or not said facts are readily observable, the Seller is under a
duty to disclose said facts to the buyer and to Royal Realty. Owners agree
to comply with Residential Real Property Act. In other words, Owners are
responsible for supplying any and all disclosure documents to prospective
buyers including the Lead Paint Disclosure and Property Disclosure
reports. Seller has
fully reviewed this agreement and warrants the accuracy of all
information. Seller agrees to indemnify and to save and hold harmless
Royal Realty and those relying on information contained in this agreement
for and against damages resulting from any inaccuracy and/or the Seller's
failure to disclose any information. Seller has not disclosed to Royal
Realty any defects except as set forth herein. Latent Defects: Seller
agrees that where Seller knows of or becomes aware of facts materially
affecting the value of the Property, Seller is under a duty to disclose
said facts both to the buyer and the Realtor. If Seller knows of or
becomes aware of such facts, he/she shall set them forth in writing on the
following defect disclosure section. Seller agrees to indemnify and hold
harmless the listing agent and Royal Realty and those relying thereon for
damages resulting from the inaccuracy and from OWNER'S failure to disclose
any facts materially affecting the value of the Property. This duty shall
continue through to date of closing. LIST DEFECTS, DISCLOSURES, ADDITIONAL
PROVISIONS, ETC.: (if none, so state)
__________________________________________________________________________________________________
18. Seller understands the Agency of Royal Realty Is Limited to performing the
functions described herein.
19. Seller understands and agrees that Royal Realty, Inc. shall Not act as
an escrow agent in connection with the sale of the listed Property.
20. Seller agrees to state honestly the dimensions, characteristics and
condition of the Property to be entered into the multiple listings to the
best of their knowledge. Royal Realty assumes no liability at all for
inaccuracies, errors or misstatements made by Seller. Royal Realty does not
conduct any survey of Property to verify accuracy of any information
provided to it by Seller and is not held responsible for the accuracy
of the information. Seller has reviewed the information shown on this
agreement and the data input forms provided to Royal Realty and hereby
acknowledges it to be true and correct.
21. Seller may add or change the information contained in the listing
without any further charges. All changes must be requested in writing,
using the supplied Change Form, signed by the Seller and delivered to
Royal Realty by fax or mail.
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Accepted by Broker: |
Accepted by Seller (s): |
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Royal Realty, Inc. |
Homeowners Signature: |
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Signature: |
Print Name: |
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Print Name: |
Homeowners Signature: |
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Print Name: |
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Date: |
Date: |
If you wish to fax or mail in your payment fill in below and Fax with above to: 847 541-5194
| MLSNI Listing Service $299.00 | MAP Listing Service $299.00 | ||
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| Both MLSNI and MAP Listing Services $499.00 | |||
| Option #1 $50.00
Realtor.com Upgrade |
Option #2 $50.00
Yard Sign |
Option #3 $25.00
Window Sign |
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| Option #4 $45.00
Lock Box |
Option #5 $150.00
Virtual Tour |
Option #6 $25.00
Outdoor Brochure Holder |
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| Option #7 $10.00
Indoor Brochure Holder |
Option #8 $5.00
Shoe Protectors |
Option #9 $25.00
Open House Sign |
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| Option #10 $15.00
Directional Sign |
Option #11 $250.00
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